Bajaj Term Insurance Plan vs Icici Term Insurance Term Insurance 2026 | PolicyX
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Bajaj Term Insurance Plan

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Icici Term Insurance

Rating
Number of term insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

₹ 160.06 cr

Annual Premiums Collected (2024-25)

₹ 950.71
Payout Options

Payout Options

Lump sum, monthly, Lump sum + monthly, Lump sum + increasing monthly payout

Payout Options

Lump sum, monthly, or a combination of both
Claim ratio

Payout Options

99.66%%

Payout Options

99.34%%
Solvency Ratio

Solvency Ratio

2.69

Solvency Ratio

213.2%
Pan India Presence

Pan India Presence

598

Pan India Presence

506
Riders Available

Riders Available

Terminal Illness Rider, Waiver of Premium Benefit Rider, Critical Illness Rider, Accidental Permanent Total/Partial Disability Benefit Rider, Accidental Death Benefit Rider, Family Protect Rider

Riders Available

Terminal Illness Benefit, Income Benefit Rider, Waiver of Premium, Critical Illness Benefit, Permanent and Partial Disability Benefit, Accidental Death Benefit
Inception year

Inception year

2001

Inception year

2001
Complaint ratio per ₹1 crore of premium collected

Complaint ratio per ₹1 crore of premium collected

0.029

Complaint ratio per ₹1 crore of premium collected

0.011
Average claim settlement time

Average claim settlement time

24 hours

Average claim settlement time

30 Days
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Types of Bajaj Term Insurance Plans

Every plan currently being sold by Bajaj Term Insurance, shown side-by-side so you can shortlist quickly.

Bajaj iSecure plan

Bajaj iSecure is a non-linked, non-participating term insurance plan offering advanced, low-cost coverage with a 105% death benefi... Read More

Unique Features

  • 105% Death Benefit
  • Rider Benefit
  • 50 Lakhs Max Sum Assured
Sum AssuredMinimum Entry Age: 18 Years
Entry AgeMaximum Entry Age: 65 Years
View plan

Bajaj Life Secure

Bajaj Life Secure is a whole life term insurance plan offering coverage up to 100 years, with flexible premium payment terms and c... Read More

Unique Features

  • 3 Plan Options
  • Critical Illness Benefit
  • Waiver of Premium
Sum AssuredMinimum Entry Age: 18 Years
Entry AgeMaximum Entry Age: 65 Years
View plan

Bajaj Saral Jeevan Bima

Bajaj Saral Jeevan Bima is a pure-risk term insurance plan providing financial security with a death benefit and tax advantages un... Read More

Unique Features

  • Death Benefit
  • Tax Benefit
  • 25 Lakh Max Sum Assured.
Sum AssuredMinimum Entry Age: 18 Years
Entry AgeMaximum Entry Age: 65 Years
View plan

Bajaj iSecure Loan

The Bajaj iSecure Loan Term Insurance Plan provides crucial debt protection, ensuring outstanding home, personal, or other long-te... Read More

Unique Features

  • Protection against loan
  • Joint life cover
  • Rider benefits
Sum AssuredMinimum Entry Age: 25 years
Entry AgeMaximum Entry Age: 60 years
View plan

Bajaj Lifestyle Secure

Bajaj Lifestyle Secure is a term insurance plan that combines life cover with protection against critical and terminal illnesses. ... Read More

Unique Features

  • Level Cover Term
  • Terminal Illness Cover
  • Flexible-Premium Payment Term
Sum AssuredEntry Age: 18 years
Entry AgeMaximum Entry Age: 50 years
View plan

Bajaj Life Smart Protect Goal

The Bajaj Life Smart Protect Goal is a flexible and economical term insurance plan, offering four distinct variants and the option... Read More

Unique Features

  • Critical illnesses covered
  • Return of Premiums
  • 4 Plan variants
Sum AssuredEntry Age: 18 Years
Entry AgeMaximum Entry Age: 65 Years
View plan

Bajaj Life Diabetic Term Plan Sub 8 HbA1c

The Bajaj Life Diabetic Term Plan Sub 8 HbA1c offers term insurance coverage tailored for pre-diabetics and type 2 diabetics, ensu... Read More

Unique Features

  • Keep Fit Benefit
  • Health Coaching
  • Second Medical Opinion
Sum AssuredMinimum Entry Age: 30 Years
Entry AgeMaximum Entry Age: 60 Years
View plan

Bajaj iSecure More

The Bajaj iSecure More is an increasing cover term insurance plan that provides a financial safety net, with the sum assured growi... Read More

Unique Features

  • Flexible Policy Tenure
  • Option to Avail Joint Life Cover
  • High Sum Assured Rebate
Sum AssuredMinimum Entry Age: 18 years
Entry AgeMaximum Entry Age: 60 years
View plan

Bajaj Life Superwoman Term Insurance Plan

Bajaj Life Superwoman Term Insurance is a specialized plan for women, offering comprehensive financial protection for their famili... Read More

Unique Features

  • Critical Illness Cover
  • Free Health Management Services
  • Child Care Benefit
Sum AssuredEntry age: 18 years Maximum entry age: 60 years Minimum sum assured: ₹50 lakhs Maximum maturity age: 99 years Premium Payment Term (PPT): Regular Pay (RP)
Entry AgeSingle Pay (SP)
View plan

Types of ICICI Term Insurance Plans

Every plan currently being sold by ICICI Term Insurance, shown side-by-side so you can shortlist quickly.

ICICI Pru Loan Protect Plus

The ICICI Life Loan Protect Plus Plan is a term insurance solution specifically designed to protect policyholders and their famili... Read More

Unique Features

  • Death Benefit Options
  • Flexible Policy Terms
  • Life Cover Options
Sum AssuredMinimum Entry Age: 18 years
Entry AgeMaximum Entry Age: 65 years
View plan

ICICI Pru Life Raksha

ICICI Pru Life Raksha is a pure protection term insurance plan designed to offer affordable financial security for families, provi... Read More

Unique Features

  • 18 Fund Options Available
  • 4 Plan Strategies
  • Systemic Withdrawal Option
Sum AssuredMinimum entry age: 18 years
Entry AgeMaximum entry age: 60 years
View plan

ICICI Life iShield Term

ICICI Life iShield is a dual-benefit term plan, offering both life and health insurance coverage in a single policy. It provides a... Read More

Unique Features

  • Combi Plan - Health & Life
  • Family Cover
  • Discounts for Non-Smokers
Sum AssuredMinimum Entry Age: 6 years
Entry AgeMaximum Entry Age: 65 years
View plan

ICICI Life iCare II

The ICICI Life iCare II is a pure term insurance plan designed for affordable financial protection, especially beneficial for indi... Read More

Unique Features

  • Accidental Death Cover
  • Affordable Premiums
  • Tax Benefit on Premiums
Sum AssuredMinimum Entry Age: 18 years
Entry AgeMaximum Entry Age: 65 years
View plan

ICICI Life Loan Protect

The ICICI Pru Loan Protect Plan is a non-participating term insurance designed to secure borrowers against outstanding loan liabil... Read More

Unique Features

  • Protection against mortgage
  • protection against car loan
  • sum assured starts with ₹5 Lacs
Sum AssuredMinimum Entry Age: 18 years
Entry AgeMaximum Entry Age: 65 years
View plan

ICICI Pru iProtect Super Term

The ICICI Prudential iProtect Super Term Plan offers pure protection term insurance tailored for self-employed individuals and bus... Read More

Unique Features

  • Term Plan for Self-employed
  • Premium Break Option
  • Smart Exit Benefit
Sum AssuredMinimum entry age: 18 years
Entry AgeMaximum entry age: 55 years
View plan

ICICI iProtect Smart Plus

ICICI iProtect Smart Plus is a comprehensive term insurance plan offering life cover up to 99 years, with optional protection agai... Read More

Unique Features

  • Choice of Plan Option
  • Premium Break
  • Insta Claim Payment
Sum AssuredEntry age: 18 years
Entry AgeMaximum entry age: 55 years
View plan

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Expert Reviewed

Reviewed By: Naval Goel

Naval Goel has over a decade of expertise in the insurance sector, having worked with companies like AIG, New York. He is an Associate Member of the Indian Institute of Insurance, Pune, and is authorized by IRDAI to act as Principal Officer of PolicyX.com Insurance Web Aggregator.

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